Dana Incorporated Reports 2020 Financial Results, Including Strong New Business Backlog of $700 million; Issues Guidance for 2021
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Dana Incorporated (DAN) Misses Q4 EPS by 17c, Revenues Beat; Offers FY21 EPS/Revenue Guidance
February 18, 2021 7:12 AM ESTDana Incorporated (NYSE: DAN) reported Q4 EPS of $0.24, $0.17 worse than the analyst estimate of $0.41. Revenue for the quarter came in at $2.11 billion versus the consensus estimate of $1.93 billion.
Sales for the fourth quarter of 2020 totaled $2.11 billion, compared with $1.99 billion in the same period of 2019, representing a $121 million improvement driven by strong customer demand and the conversion of sales backlog, primarily in the Light Vehicle segment. Net income attributable to Dana was $40 million for the fourth quarter of 2020, compared with $85 million in the same period of 2019. The difference was primarily due to higher... More